Are you financially confident? Is that the trick to getting richer? This is the Money podcast

Do you feel financially secure? When it comes to budgeting, saving, investing and building your pension, are you clueless, comfortable or making steady progress?

A study this week by Moneybox claimed that being financially confident could add £67,000 to your lifetime wealth – on average, those with confidence had an average wealth of £145,000, compared to £78,000 for the insecure.

But what does it really mean to have financial confidence and how can you achieve it?

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In this week’s podcast, Georgie Frost, Tanya Jefferies and Simon Lambert discuss how to boost your financial confidence and whether the tips for doing so could work.

Plus, a week after a new government was formed and with a planned pensions review looming, the team looks at what Labour could mean for our retirement savings.

Meanwhile, investors appear to be cheering the Labour takeover, with investment giant BlackRock this week highlighting Britain’s “relative political stability” and cheap stock market.

Does that mean good future returns and how can you invest?

Investing a large sum of money was something that was on the mind of one This is Money reader who asked an unusual question: I’m set to inherit £10m, should I set up an investment fund? What’s the answer?

And finally, a new report has revealed the best places in Britain to offer customer service. Is your favourite on the list?